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Sectors & IndustriesHealthcare
Best Healthcare Stocks to Buy Now (2024)
Top healthcare stocks in 2024 ranked by overall Zen Score. See the best healthcare stocks to buy now, according to analyst forecasts for the healthcare sector.

Sector: Healthcare
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
EVOK
EVOKE PHARMA INC
United States
$4.04M8,597,40521.02%78.98%
TARO
TARO PHARMACEUTICAL INDUSTRIES LTD
Israel
$1.59B37,587,23112.41%50.73%
CATX
PERSPECTIVE THERAPEUTICS INC
United States
$952.62M622,629,03839.76%19.78%Net BuyingNet Buying
SABS
SAB BIOTHERAPEUTICS INC
United States
$35.70M9,225,4946.01%93.99%Net Buying
PRGO
PERRIGO CO PLC
Ireland
$4.10B136,320,43361.28%38.72%Net BuyingNet Buying
FEMY
FEMASYS INC
United States
$28.66M22,220,7186.63%8.01%
WRBY
WARBY PARKER INC
United States
$1.92B118,862,32748.80%51.20%Net SellingNet Selling
ACST
ACASTI PHARMA INC
Canada
$25.94M9,399,40413.46%64.72%Net Buying
TMCI
TREACE MEDICAL CONCEPTS INC
United States
$349.11M62,008,13551.21%48.79%Net SellingNet Buying
LSTA
LISATA THERAPEUTICS INC
United States
$23.39M8,307,4330.84%99.16%Net Selling
QLI
QILIAN INTERNATIONAL HOLDING GROUP LTD
China
$25.60M35,750,0000.11%0.00%
SUPN
SUPERNUS PHARMACEUTICALS INC
United States
$1.60B54,974,25445.05%54.95%Net SellingNet Selling
LVTX
LAVA THERAPEUTICS NV
Netherlands
$72.56M26,289,08714.31%0.00%
COGT
COGENT BIOSCIENCES INC
United States
$714.23M95,613,39690.30%9.70%Net Buying
AZTR
AZITRA INC
United States
$5.70M28,804,6435.24%55.13%Net BuyingNet Buying
SLDB
SOLID BIOSCIENCES INC
United States
$356.93M38,379,41336.75%63.25%Net BuyingNet Selling
COCP
COCRYSTAL PHARMA INC
United States
$19.99M10,173,7900.73%99.27%
VCEL
VERICEL CORP
United States
$2.31B48,601,73690.94%9.06%Net SellingNet Selling
NVNO
ENVVENO MEDICAL CORP
United States
$65.98M13,330,00024.55%75.45%Net BuyingNet Buying
EKSO
EKSO BIONICS HOLDINGS INC
United States
$26.35M18,174,4265.61%94.39%Net Selling
RXRX
RECURSION PHARMACEUTICALS INC
United States
$2.26B237,663,66875.59%24.41%Net SellingNet Selling
RLMD
RELMADA THERAPEUTICS INC
United States
$105.31M30,174,20247.42%3.43%Net Buying
KRRO
KORRO BIO INC
United States
$475.33M9,272,98719.69%80.31%Net BuyingNet Buying
TNGX
TANGO THERAPEUTICS INC
United States
$832.33M106,846,26260.61%39.39%Net BuyingNet Selling
CLVR
CLEVER LEAVES HOLDINGS INC
United States
$5.26M1,754,7950.96%99.04%Net SellingNet Selling
SLNO
SOLENO THERAPEUTICS INC
United States
$1.53B33,411,32922.87%77.13%Net BuyingNet Selling
TENX
TENAX THERAPEUTICS INC
United States
$6.95M1,958,2450.04%99.96%
LFST
LIFESTANCE HEALTH GROUP INC
United States
$2.82B382,287,76633.46%66.54%Net SellingNet Selling
ACHV
ACHIEVE LIFE SCIENCES INC
United States
$174.11M34,341,30347.89%27.71%Net BuyingNet Selling
GDRX
GOODRX HOLDINGS INC
United States
$3.02B375,205,11234.31%11.18%Net SellingNet Selling
KTRA
KINTARA THERAPEUTICS INC
United States
$8.02M55,304,6130.90%19.69%
FWBI
FIRST WAVE BIOPHARMA INC
United States
$7.33M2,475,0900.71%99.29%Net SellingNet Selling
ABOS
ACUMEN PHARMACEUTICALS INC
United States
$224.10M60,079,77872.18%16.58%Net Buying
ALDX
ALDEYRA THERAPEUTICS INC
United States
$243.01M59,414,48959.59%33.90%Net SellingNet Buying
MDGL
MADRIGAL PHARMACEUTICALS INC
United States
$4.63B21,311,52623.84%76.16%Net BuyingNet Buying
ERAS
ERASCA INC
United States
$320.71M173,358,96641.93%49.54%Net Buying
AUGX
AUGMEDIX INC
United States
$60.23M48,967,72934.51%65.49%Net BuyingNet Selling
ANAB
ANAPTYSBIO INC
United States
$695.81M27,318,64441.15%58.85%Net SellingNet Selling
SNPX
SYNAPTOGENIX INC
United States
$6.06M1,233,23072.93%21.82%
ELVN
ENLIVEN THERAPEUTICS INC
United States
$1.12B47,036,69849.49%50.51%Net SellingNet Selling
HSCS
HEART TEST LABORATORIES INC
United States
$7.41M65,561,6302.37%1.37%
PRME
PRIME MEDICINE INC
United States
$845.02M120,030,81339.78%60.22%Net Buying
NAUT
NAUTILUS BIOTECHNOLOGY INC
United States
$365.77M125,265,01540.57%59.43%Net BuyingNet Buying
CCLD
CARECLOUD INC
United States
$40.46M16,120,7679.22%46.13%Net BuyingNet Selling
ESPR
ESPERION THERAPEUTICS INC
United States
$490.70M189,460,29366.12%20.74%Net Selling
NVRO
NEVRO CORP
United States
$410.26M36,728,64872.74%27.26%Net SellingNet Selling
ENTX
ENTERA BIO LTD
Israel
$93.04M35,785,30911.84%3.76%Net Buying
GDTC
CYTOMED THERAPEUTICS LTD
Singapore
$24.58M11,540,0000.00%57.45%
IPA
IMMUNOPRECISE ANTIBODIES LTD
Canada
$29.47M26,315,2606.36%0.00%
FNA
PARAGON 28 INC
United States
$661.12M82,951,36018.06%81.94%Net SellingNet Buying
CDTX
CIDARA THERAPEUTICS INC
United States
$54.74M4,561,70860.41%39.59%Net SellingNet Selling
RNAC
CARTESIAN THERAPEUTICS INC
United States
$468.75M17,796,05354.76%45.24%Net BuyingNet Buying
TRML
TOURMALINE BIO INC
United States
$384.70M25,646,50954.37%45.63%Net Selling
CNTB
CONNECT BIOPHARMA HOLDINGS LTD
China
$94.78M55,102,9547.16%0.00%
CHEK
CHECK-CAP LTD
Israel
$13.09M5,850,7700.11%0.00%
NKTX
NKARTA INC
United States
$480.59M70,467,62064.47%35.53%Net BuyingNet Buying
RDNT
RADNET INC
United States
$4.25B73,880,14567.02%32.98%Net Selling
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
United States
$596.46M272,355,89292.59%7.41%Net BuyingNet Buying
VRNA
VERONA PHARMA PLC
United Kingdom
$1.08B648,654,17410.26%55.71%Net SellingNet Selling
XRTX
XORTX THERAPEUTICS INC
Canada
$4.70M1,998,8480.83%0.00%
ELYM
ELIEM THERAPEUTICS INC
United States
$237.97M29,091,16657.94%22.46%Net Buying
XRAY
DENTSPLY SIRONA INC
United States
$5.89B207,630,55697.77%2.23%Net SellingNet Selling
CDNA
CAREDX INC
United States
$769.80M52,083,79278.99%21.01%Net SellingNet Buying
STRO
SUTRO BIOPHARMA INC
United States
$339.45M81,794,33465.22%18.25%Net SellingNet Selling
ARWR
ARROWHEAD PHARMACEUTICALS INC
United States
$3.11B124,200,23076.41%10.68%Net SellingNet Selling
BLFS
BIOLIFE SOLUTIONS INC
United States
$1.01B46,030,88658.35%41.65%Net BuyingNet Selling
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
United States
$548.21M147,368,32461.88%38.12%Net SellingNet Selling
MRUS
MERUS NV
Netherlands
$2.64B58,687,55187.00%13.00%Net Selling
NEUE
NEUEHEALTH INC
United States
$50.33M8,224,5414.91%95.09%Net SellingNet Selling
PSNL
PERSONALIS INC
United States
$72.45M51,938,83942.83%17.87%Net SellingNet Buying
NTBL
NOTABLE LABS LTD
Israel
$9.38M9,018,2612.95%97.05%Net Selling
ONVO
ORGANOVO HOLDINGS INC
United States
$10.44M10,040,0744.83%95.17%Net Selling
APLS
APELLIS PHARMACEUTICALS INC
United States
$5.10B121,365,55574.59%25.41%Net BuyingNet Selling
SGMO
SANGAMO THERAPEUTICS INC
United States
$126.37M207,510,07648.65%15.51%Net SellingNet Selling
TNXP
TONIX PHARMACEUTICALS HOLDING CORP
United States
$17.39M95,543,80512.56%16.26%
RGNX
REGENXBIO INC
United States
$788.59M49,255,96678.01%21.99%Net SellingNet Buying
OMGA
OMEGA THERAPEUTICS INC
United States
$131.27M55,154,98558.18%41.82%Net Selling
DYAI
DYADIC INTERNATIONAL INC
United States
$48.53M29,236,8148.00%92.00%
RMTI
ROCKWELL MEDICAL INC
United States
$52.75M30,315,68414.41%85.59%Net SellingNet Selling
TELA
TELA BIO INC
United States
$156.81M24,655,37147.41%52.59%Net SellingNet Selling
ALEC
ALECTOR INC
United States
$529.15M96,384,56261.66%38.34%Net SellingNet Selling
SONN
SONNET BIOTHERAPEUTICS HOLDINGS INC
United States
$5.76M3,112,4011.08%98.92%Net Buying
PSTX
POSEIDA THERAPEUTICS INC
United States
$324.32M96,957,65054.38%40.40%Net SellingNet Selling
CLNN
CLENE INC
United States
$49.58M128,433,7215.68%52.66%Net BuyingNet Selling
AFMD
AFFIMED NV
Germany
$82.84M15,227,46317.79%0.00%
QTTB
Q32 BIO INC
United States
$370.21M11,942,12926.61%73.39%Net SellingNet Selling
IOVA
IOVANCE BIOTHERAPEUTICS INC
United States
$2.92B279,832,72216.63%83.37%Net BuyingNet Buying
APYX
APYX MEDICAL CORP
United States
$53.01M34,643,92637.70%24.04%Net Buying
MRNS
MARINUS PHARMACEUTICALS INC
United States
$71.41M54,933,77481.92%18.08%Net BuyingNet Buying
SCPH
SCPHARMACEUTICALS INC
United States
$173.96M36,054,40955.04%44.96%Net Selling
LUMO
LUMOS PHARMA INC
United States
$21.35M8,116,48816.51%83.49%Net BuyingNet Buying
ORGS
ORGENESIS INC
United States
$18.23M34,338,7824.02%95.98%Net BuyingNet Buying
CDIO
CARDIO DIAGNOSTICS HOLDINGS INC
United States
$19.03M22,685,5897.15%32.68%Net BuyingNet Buying
BCYC
BICYCLE THERAPEUTICS PLC
United Kingdom
$948.84M42,779,03053.87%46.13%Net SellingNet Selling
ABEO
ABEONA THERAPEUTICS INC
United States
$189.46M41,186,00426.16%73.84%Net BuyingNet Buying
ACHC
ACADIA HEALTHCARE COMPANY INC
United States
$6.18B92,774,60465.57%34.43%Net SellingNet Selling
LIPO
LIPELLA PHARMACEUTICALS INC
United States
$5.80M7,605,6364.99%23.36%Net BuyingNet Buying
DCTH
DELCATH SYSTEMS INC
United States
$193.39M27,785,80330.05%43.34%Net BuyingNet Buying
LEXX
LEXARIA BIOSCIENCE CORP
Canada
$40.46M12,885,6736.90%4.82%Net BuyingNet Buying
STIM
NEURONETICS INC
United States
$75.59M29,997,56352.75%47.25%Net SellingNet Selling
1...567...12

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
679-0.04%+0.91%+3.56%-18.59%8.43x6.06x+18.39%+3.73%-27.83%+76.96%Strong Buy
64-0.44%+7.25%+11.82%+11.92%38.80x4.48x-13.29%+6.45%+11.46%+4.67%Buy
18-1.13%+1.15%+7.58%+17.63%31.18x6.42x+33.58%+8.09%+14.21%+10.87%Buy
88+0.20%+1.16%+5.36%-1.14%-1.18x2.20x+12.32%+3.31%+5.98%+31.51%Strong Buy
12+0.46%+1.09%+5.04%+5.89%25.41x3.05x+15.18%+4.74%+11.78%+12.50%Buy
61+0.42%+0.73%-1.16%-19.05%5.93x3.31x+6.57%+2.11%+5.22%+27.52%Buy
51-1.02%+0.20%+4.10%+11.73%40.97x4.60x-92.21%+6.56%+13.62%+14.66%Buy
150-0.36%+1.22%+1.80%-12.40%30.63x4.00x+7.26%+5.26%+8.15%+19.56%Buy
10+0.42%+0.06%-0.15%+26.26%26.60x106.30x-10.85%+3.43%+19.53%+10.05%Buy
56-1.50%+2.24%+5.10%-6.26%59.50x3.63x+11.22%+7.71%+10.03%+17.89%Buy

Healthcare Stocks FAQ

What are the best healthcare stocks to buy right now in May 2024?

According to Zen Score, the 3 best healthcare stocks to buy right now are:

1. Cross Country Healthcare (NASDAQ:CCRN)


Cross Country Healthcare (NASDAQ:CCRN) is the top healthcare stock with a Zen Score of 70, which is 46 points higher than the healthcare sector average of 24. It passed 22 out of 33 due diligence checks and has strong fundamentals. Cross Country Healthcare has seen its stock lose -40.6% over the past year, underperforming other healthcare stocks by -36 percentage points.

Cross Country Healthcare has an average 1 year price target of $19.50, an upside of 32.38% from Cross Country Healthcare's current stock price of $14.73.

Cross Country Healthcare stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Cross Country Healthcare, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the second best healthcare stock with a Zen Score of 67, which is 43 points higher than the healthcare sector average of 24. It passed 22 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 13.38% over the past year, overperforming other healthcare stocks by 18 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 47.67% from Corcept Therapeutics's current stock price of $27.54.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Kamada (NASDAQ:KMDA)


Kamada (NASDAQ:KMDA) is the third best healthcare stock with a Zen Score of 65, which is 41 points higher than the healthcare sector average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Kamada has seen its stock return 14.6% over the past year, overperforming other healthcare stocks by 20 percentage points.

Kamada has an average 1 year price target of $11.00, an upside of 101.65% from Kamada's current stock price of $5.46.

Kamada stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Kamada, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the healthcare stocks with highest dividends?

Out of 70 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Fresenius Medical Care Ag (NYSE:FMS)


Fresenius Medical Care Ag (NYSE:FMS) has an annual dividend yield of N/A, which is N/A percentage points lower than the healthcare sector average of 2.04%. Fresenius Medical Care Ag's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Fresenius Medical Care Ag's dividend has shown consistent growth over the last 10 years.

Fresenius Medical Care Ag's dividend payout ratio of 69.7% indicates that its dividend yield is sustainable for the long-term.

2. Spok Holdings (NASDAQ:SPOK)


Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 8.16%, which is 6 percentage points higher than the healthcare sector average of 2.04%. Spok Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Spok Holdings's dividend has shown consistent growth over the last 10 years.

Spok Holdings's dividend payout ratio of 148.8% indicates that its high dividend yield might not be sustainable for the long-term.

3. Sanofi (NASDAQ:SNY)


Sanofi (NASDAQ:SNY) has an annual dividend yield of 8.07%, which is 6 percentage points higher than the healthcare sector average of 2.04%. Sanofi's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Sanofi's dividend has shown consistent growth over the last 10 years.

Sanofi's dividend payout ratio of 82.1% indicates that its high dividend yield is sustainable for the long-term.

Why are healthcare stocks down?

Healthcare stocks were down -0.37% in the last day, and up 2.06% over the last week. Eyenovia was the among the top losers in the healthcare sector, dropping -22.55% yesterday.

Eyenovia shares are trading lower after the company reported worse-than-expected Q1 financial results.

What are the most undervalued healthcare stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued healthcare stocks right now are:

1. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -43.46% in the past year. It has underperformed other stocks in the healthcare sector by -38 percentage points.

2. Pacira Biosciences (NASDAQ:PCRX)


Pacira Biosciences (NASDAQ:PCRX) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Pacira Biosciences has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Pacira Biosciences's stock has dropped -23.65% in the past year. It has underperformed other stocks in the healthcare sector by -19 percentage points.

3. Cross Country Healthcare (NASDAQ:CCRN)


Cross Country Healthcare (NASDAQ:CCRN) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Cross Country Healthcare has a valuation score of 100, which is 84 points higher than the healthcare sector average of 16. It passed 7 out of 7 valuation due diligence checks.

Cross Country Healthcare's stock has dropped -40.6% in the past year. It has underperformed other stocks in the healthcare sector by -36 percentage points.

Are healthcare stocks a good buy now?

49.83% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 32.27% over the next year.

What is the average p/e ratio of the healthcare sector?

The average P/E ratio of the healthcare sector is 27.2x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.